National

Eby defends B.C.'s speculation tax increase, says it will create more needed rentals

Darpan News Desk The Canadian Press, 04 Oct, 2024 12:09 PM

New Democrat Leader David Eby is defending plans to increase British Columbia's speculation tax on empty homes because he says it works.

He says the tax saw 20,000 vacant homes in Metro Vancouver rented out since its introduction in 2017 and he expects more rental opportunities will result from the increase.

We’re building homes, hospitals and schools and helping families with costs. We’re taking action to deliver relief right now – not promising help in 5 years.

I’m on the side of British Columbians – John Rustad is on the side of billionaires. pic.twitter.com/zhUOjhZhiR
— David Eby (@Dave_Eby) October 4, 2024

Everyone deserves a safe and affordable place to call home.

We're building more middle-class homes, faster. Opening pathways to homeownership for 25,000 middle-class families to buy their first home. pic.twitter.com/OtpIW98Z1I
— David Eby (@Dave_Eby) October 4, 2024

The NDP's election platform calls for the tax on vacant second properties to increase to one per cent of assessed value for Canadian owners from the current .5 per cent.

The New Democrats say the tax will increase to three per cent of assessed value for foreign property owners from the current 1.5 per cent.

Eby says they don't actually want people to pay the tax and the best loophole people can use is to rent our their home.

Green Party Leader Sonia Furstenau is in Cowichan Bay with two of her candidates to announce what they're calling "a new vision for B.C.'s forests," which includes a ban on old-growth logging and making big firms pay their fair share in taxes, while stopping industry subsidies.

The announcement comes after she spent Thursday promoting her party's promise to increase social and disability assistance rates to $2,400 per month, and provide a guaranteed income for youth aging out of care.

B.C. Conservative Leader John Rustad is in Kelowna to make an announcement after the Conservatives said they would eliminate B.C.'s nearly $9-billion deficit within two terms of government.

British Columbia's election day is on Oct. 19.

Prev Next

MORE National ARTICLES

B.C. government is testing out AI tools for rapid disease diagnosis

Provincial labs in B.C. are testing out artificial intelligence for more rapid disease diagnosis, including cancer. The province says in a statement that the new digital tools will allow researchers to “securely share high-quality images” in other B.C. locations, helping them to perform a faster diagnoses or get a second opinion.

B.C. government is testing out AI tools for rapid disease diagnosis

Beach art mischief

Mounties in West Shore say a man has been arrested after setting fire to the mammoth statue at Royal Bay Beach. Police say they responded to a call Monday at 7 a-m after a man who experienced a mental health crisis started a fire at the Esquimalt Lagoon.

Beach art mischief

Knife attack in Nanaimo by a man wearing a bra on his head

R-C-M-P say the attacker swung the knives at the man, attempting to stab him, but the large dog lunged and bit him before the dog's owner used his martial arts training to incapacitate the other man and take control of the knives.

Knife attack in Nanaimo by a man wearing a bra on his head

Fatal shooting in Winnipeg followed soccer game, police say it was not random

Winnipeg police are investigating a shooting in the parking lot of a soccer complex that left a 22-year-old man dead. Police say they were called to the scene late Saturday night, after the final game of the Canada African Cup of Nations soccer tournament, and found a man with gunshot wounds.

Fatal shooting in Winnipeg followed soccer game, police say it was not random

Highway improvements coming to B.C. northwest, including better Wi-Fi access

The B.C. and federal governments are jointly providing $195 million for a series of highway improvements in Tahltan Nation territory in the province's northwest. A statement from B.C.'s Ministry of Energy, Mines and Low Carbon Innovation says the funding will enhance road safety, while improving access to services for local communities and for development of critical minerals.

Highway improvements coming to B.C. northwest, including better Wi-Fi access

Single-use plastic bags banned as next round of B.C. plastic regulations kicks in

Plastic shopping bags and other single-use products are no longer available at British Columbia stores as the government implements the latest step in its plan to phaseout certain plastic items and keep harmful chemicals out of landfills. Businesses may no longer provide single-use plastic shopping bags, and they must charge a minimum of $2 for new reusable bags or 25 cents for new paper bags.